Since reaching that record high in April, gold has consolidated in a tight range. Still, prices are up around 28% so far this year with the global trade war, geopolitical risks and central bank buying the key drivers for the precious metal’s rally. Meanwhile, ETF buying, which has been another key driver this year, has been slowing down in recent weeks, indicating cooling investor sentiment. The first half of the year saw strong positive flows, marking the strongest semi-annual performance since the first half of 2020. Investor holdings in gold ETFs generally rise when gold prices rise, and vice versa. Still, with ... (full story)